Asian Shares: Hong Kong Stocks Fall After Long Holiday -- Update

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Chao Deng Stocks in Hong Kong fell sharply on Thursday, catching up with deep regional selloffs, as the market reopened after an extended Lunar New Year holiday. The benchmark Hang Seng Index was recently down 4% at 18526.03, near ...

NYMEX Crude Slips Below $27 a barrel

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Biman Mukherji Oil futures prices on the New York Mercantile Exchange Thursday fell below $27 per barrel as the market largely ignored a drawdown in U.S. crude oil stockpiles amid a wider supply glut. The U.S. Energy Information Administration ...

Sun Life Financial Tops Analysts' Estimates

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Sun Life Financial Inc., Canada's third-largest insurance company by assets, posted a fourth-quarter profit Wednesday that beat analysts' expectations despite challenges posed by low interest rates, tumbling commodity prices and stock-market turbulence. Toronto-based Sun Life, which reported results after the ...

New Zealand House Prices, Sales Fall in January

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Kate Geenty WELLINGTON, New Zealand--New Zealand house prices and sales fell in January compared to December, the Real Estate Institute of New Zealand said Wednesday. The national median house price fell 3.7% in January compared with the previous month, ...

A Look At Deutsche Bank's Bond Buyback

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

(FROM THE WALL STREET JOURNAL 2/11/16) By Christopher Whittall and Jenny Strasburg The news that Deutsche Bank AG is considering buying back a chunk of its own debt has sparked a rally in European banking shares, which had taken a ...

Pernod Ricard Profit Rises on Whiskey, Champagne Sales

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

PARIS?French liquor group Pernod Ricard SA said Thursday its first-half profit for the fiscal 2016 year rose 9% on strong sales in the U.S. and some emerging markets helped by the euro's weakness against the dollar. The owner of Absolut ...

Indonesia Opens More Big Businesses to Foreign Investment -- Update

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Anita Rachman and Ben Otto JAKARTA, Indonesia--Indonesia opened 35 businesses to full foreign ownership Thursday and raised allowable foreign stakes in dozens of others, as part of a sweeping bid to draw more investment to Southeast Asia's largest economy. ...

Dong Energy Sells U.K. Wind Farm Stake for $958 Million

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Denmark's Dong Energy A/S, part-owned by Goldman Sachs Group Inc., has agreed to sell a 50% stake in a U.K. wind farm to the parent company of toy maker Lego and a Danish pension provider. Lego Group's parent company, Kirkbi ...

Google Defends UK Tax Settlement Before Lawmakers

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Jason Douglas in London and Sam Schechner in Paris Executives for Alphabet Inc.'s Google business defended their settlement with the U.K.'s tax authority before a panel of British lawmakers Thursday, trying to stanch criticism of a deal that critics ...

Australia Names Foreign-Investment Critic as Deputy Leader--Update

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Rob Taylor CANBERRA, Australia--A vocal critic of foreign farm investment has become Australia's new deputy prime minister, potentially clouding several pending acquisitions as Prime Minister Malcolm Turnbull prepares for pre-election reshuffle of his ministerial lineup. As Australia's tough-talking Agriculture ...

Low Oil Prices Don't Trickle Down Much to European Drivers

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Neanda Salvaterra LONDON--About six months ago, when the oil price dipped below $40 a barrel for the first time in six years, Nicholas Samy traded in his gas-guzzling truck and bought a tiny Toyota Yaris. "Petrol is still expensive," ...

Andreessen Horowitz Sells Some Lyft Shares to Prince Al-Waleed

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Two of the most prominent investors in ride-hailing service Lyft Inc. quietly sold $148 million in shares of the company in recent weeks, according to people familiar with the matter. Andreessen Horowitz and Founders Fund, a venture firm founded by ...

Yellen Stands Against Rate Rule

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Federal Reserve Chairwoman Janet Yellen on Wednesday reiterated her opposition to legislation that would force the Fed to follow a mathematical rule for setting interest rates. Testifying before the House Financial Services Committee, Ms. Yellen conceded the economy is "in ...

Shipping Firms Get Swamped In Trade Slowdown

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

(FROM THE WALL STREET JOURNAL 2/11/16) By Costas Paris and Dominic Chopping Amid years of falling freight rates and overcapacity, the biggest players in the global container-shipping industry tried to use their scale and deep pockets to out-navigate their smaller ...